SINGULUS TECHNOLOGIES Revises 2024 Forecast Amid Positive Nine-Month Figures

SINGULUS TECHNOLOGIES AG has revised its financial forecast for fiscal year 2024. Due to delays in planned orders in its Solar segment, the company anticipates sales of €80.0 to 90.0 million, with positive earnings before interest and taxes (EBIT) of €1.0 to 3.5 million.

For the first nine months of 2024, SINGULUS reported revenues of €61.0 million, an increase from €55.8 million in 2023. The EBIT reached €1.9 million, marking a substantial improvement over the prior year's €-5.6 million. Incoming orders rose significantly to €70.8 million compared to €32.3 million in the previous year. The order backlog also increased to €68.7 million as of September 30, 2024, from €61.3 million the year prior.